To measure the economic growth of a country with only one index is to leave out a number of alternative factors that influence the economy. Many people ignore these other indices without knowing that they also influence the common welfare of a nation. One of these measurements is the Real or Genuine Progress Index (IPR or IPG) or Genuine progress indicator (GPI), by name in English.
This index is not only in the possibility of measuring welfare but also social progress; It is one of the registers designed to replace the Gross Domestic Product as an indicator. The difference is that the Genuine or Real Progress Index takes into account factors that are not exclusively monetary.
The accountants who conducted the audit in the Rinetin Corporation who fail to discover the
falsification of the company's financial statements for the past
year because of their negligence will be held civilly liable under Section
11(a) of the Securities Act of 1933.
The above problem is solved in the picture attached below. I could not make use of the table in this tool that is why i made use of paper and pen and the solution is much explanatory. Thank you